Eco Friendly - Seller Financing
Listed By:
Monterey Peninsula Home Team with KW Coastal Estates - 831-601-3284
Address
499 Alvarado ST, Monterey, CA
Price
$ 3,950,000
Property Attributes
  • MLS#ML81953114
  • TypeCommercial
  • CountyMONTEREY
  • CityMonterey
  • AreaDowntown-Fisherman Wharf
  • Zip93940
  • Style
  • Price$ 3,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7873
  • Lot Size10,237 SqFt
Data Source:
MLSListings Inc.
Property Description

Rare Landmark freestanding building in the heart of downtown Monterey with pull up parking which is very rare in Downtown Monterey. 7873 SF of Retail and office. Seller will consider financing with 20% down and approved financials. Steps to Trader Joes and Fisherman's Wharf, surrounded by 1500 Hotel Rooms and across the street from the Monterey Public Transport hub making it easily accessible by visitors and public transportation. Boasting a walk score of 90 and bike score of 80. After 40 years as the local pharmacy destination the building is vacant - perfect for a single tenant or split the ground floor for 2 retail users and use the existing water credits for apartment on the second floor. Proforma rents as a single tenant result in a 5% Cap

Price History
2/1/2024 Listed $4,600,000
2/27/2024 15% - $3,950,000

General Features

Heating Central Forced Air
Cooling Central Forced Air - Gas
Utilities Public Utilities
Roof Composition
Water Private / Mutual
Security Features Closed Circuit Monitoring (24-hour)
Restrictions None
Energy Features Double Pane Windows
Additional Rooms Office Area,Safe / Panic / Room
Year Built 1951
Age 73
Property SubType Commercial Property
City Limits (Y/N) Yes
Zoning Text C1
Amenities Misc. High Ceiling,Video / Audio System
Accessibility Parking,Other
County Monterey
Property Type Commercial/Industrial
Present Use Business/Professional,Medical/Dental,Retail
Special Listing Conditions Not Applicable
Status Active
City MONTEREY
MLS Area Downtown/Fisherman Wharf
Listing Agent State License 70000352
Virtual Tour https://show.tours/499alvaradost
Virtual Tour https://show.tours/499alvaradost?b=0

Interior Features

Flooring Carpet

Exterior Features

Parking Features Off-Street Parking
Parking Spaces 10
Lot Size Area 10237.00
Facilities Restroom(s)
Maximum Lot Size 10237.00
Sewer/Septic Sewer - Public
Meters Master Electric,Master Water
Foundation Details Concrete Slab
Building Area Total 7873
Lot Acres 0.2350
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 93940

Price
AVG $2.61M
$3.95M
Visits
AVG 89
46
Data Provided by Inside Real Estate®
Year Built
AVG 1968
1951